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Assume the forward rate of the British Pound is $ . 5 0 and the spot rate of the British Pound is $ . 4

Assume the forward rate of the British Pound is $.50 and the spot rate of the British Pound is $.48. If PWC uses a money market hedge, it will receive _______ in 360 days.
A)$101,904
B)$101,923
C)$98,769
D)$96,914
E)$92,307

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